SB 416-3_ Filed 03/15/2007, 10:51 Buell


Text Box


    PREVAILED      Roll Call No. _______
    FAILED        Ayes _______
    WITHDRAWN        Noes _______
    RULED OUT OF ORDER


[

HOUSE MOTION ____

]

MR. SPEAKER:

    I move that Engrossed Senate Bill 416 be amended to read as follows:

SOURCE: Page 2, line 24; (07)MO041602.2. -->     Page 2, between lines 24 and 25, begin a new paragraph and insert:
SOURCE: IC 6-1.1-12-14; (07)MO041602.2. -->     "SECTION 2. IC 6-1.1-12-14 IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2007]: Sec. 14. (a) Except as provided in subsection (c) and except as provided in section 40.5 of this chapter, an individual may have the sum of twelve thousand four hundred eighty dollars ($12,480) deducted from the assessed value of the tangible property that the individual owns (or the real property, mobile home not assessed as real property, or manufactured home not assessed as real property that the individual is buying under a contract that provides that the individual is to pay property taxes on the real property, mobile home, or manufactured home if the contract or a memorandum of the contract is recorded in the county recorder's office) if:
        (1) the individual served in the military or naval forces of the United States for at least ninety (90) days;
        (2) the individual received an honorable discharge;
        (3) the individual either:
            (A) is totally disabled; or
            (B) is at least sixty-two (62) years old and has a disability of at least ten percent (10%); and
        (4) the individual's disability is evidenced by:
            (A) a pension certificate or an award of compensation issued by the United States Department of Veterans Affairs; or
            (B) a certificate of eligibility issued to the individual by the

Indiana department of veterans' affairs after the Indiana department of veterans' affairs has determined that the individual's disability qualifies the individual to receive a deduction under this section.
    (b) Except as provided in subsection (c), the surviving spouse of an individual may receive the deduction provided by this section if the individual would qualify for the deduction if the individual were alive.
    (c) No one is entitled to the deduction provided by this section if the assessed value of the individual's tangible property, as shown by the tax duplicate, exceeds one three hundred thirteen thousand dollars ($113,000). ($300,000).
    (d) An individual who has sold real property, a mobile home not assessed as real property, or a manufactured home not assessed as real property to another person under a contract that provides that the contract buyer is to pay the property taxes on the real property, mobile home, or manufactured home may not claim the deduction provided under this section against that real property, mobile home, or manufactured home.".

SOURCE: Page 5, line 5; (07)MO041602.5. -->     Page 5, between lines 5 and 6, begin a new paragraph and insert:
SOURCE: ; (07)MO041602.7. -->     "SECTION. 7. [EFFECTIVE JULY 1, 2007] IC 6-1.1-12-14, as amended by this act, applies to assessment dates occurring after December 31, 2007, for property taxes first due and payable after:
        (1) December 31, 2007, in the case of
a mobile home or manufactured home that is not assessed as real property; and
        (2) December 31, 2008, in the case of real property.
".
    Renumber all SECTIONS consecutively.
    (Reference is to ESB 416 as printed March 13, 2007.)

________________________________________

Representative Buell


MO041602/DI 92     2007